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You're actually almost right. While Bitcoin was launched with lofty goals, it was pretty quickly overtaken by capitalist vultures who saw a low-regulation indus
by joepie91_ 5y ago
You're actually almost right. While Bitcoin was launched with lofty goals, it was pretty quickly overtaken by capitalist vultures who saw a low-regulation industry to extract money from people.
Importantly though, it's not an either/or. Capitalism is problematic and cryptocurrency is problematic. Both can be true at the same time.
- lottin 5y agoBitcoin inventors were anarcho-capitalists, an ideology that promotes an extreme version of capitalism where there are no governments and corporations have unlimited power.
- mandelken 5y agoCould you provide some background (or links) to your claim (I thought the inventor(s) of Bitcoin were anonymous)? Thank you.
- lottin 5y agohttps://www.upress.umn.edu/book-division/books/the-politics-of-bitcoin https://www.upress.umn.edu/book-division/books/the-politics-...
- eli 5y agoBut Bitcoin investors are mostly indifferent to the goals or mechanisms behind Bitcoin and merely hope to sell a coin to someone else for more than they paid for it.
- joepie91_ 5y agoThe early adopters were considerably more varied than just "anarcho"-capitalists.
- bduerst 5y agoAnarcho-capitalists should not be surprised if a vacuum of power over Bitcoin is filled by those with the most means.